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cnbc.com
Treasury yields rise ahead of key inflation data; markets resume trading after public holiday
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose over 3 basis points to 4.483%.
theguardian.com
Pound and UK bonds holds steady as prime minister Keir Starmer confirms resignation – business live
Sterling and gilts have avoided major swings amid Starmer’s resignation and progress in US-Iran peace talksMarkets seem to be appeased by news of a (relatively) standard leadership contest, which will shake out any policy positions from prospective prime minister before they take post.That could help reduce any jitters from some corners of the market over Andy Burnham’s potential leadership. according to Richard Carter, head of fixed interest research at Quilter Cheviot.Markets are wary of Burnham’s previous policy positions so they would prefer to see ideas for governing fleshed out via a leadership contest, keeping surprises to a minimum.There are difficult decisions around welfare and defence spending lurking, with each likely to have an impact on gilts and wider UK markets. Continue reading...
cnbc.com
SpaceX stock drops again after rally following blockbuster IPO
A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past two full days of trading.
cnbc.com
UK PM Starmer resigns as Britain faces its seventh leader in 10 years
UK PM Starmer resigns as Britain faces its seventh leader in 10 years
cnbc.com
Shipping stalls in Strait of Hormuz after Iran declares key waterway closed again
The update comes even as industry trackers showed Iranian tankers have continued to sail through the strait.
bbc.com
EasyJet rejects £4.7bn takeover offer from US investment firm
The airline described the latest bid approach from Castlelake as "highly opportunistic".
cnbc.com
Oil falls as Qatar, Pakistan announce 60-day roadmap for U.S.-Iran deal
Oil prices fluctuated on Monday after U.S. President Donald Trump threatened renewed military action against Iran.
cnbc.com
Why a 66-year-old water treaty is becoming the latest India-Pakistan flashpoint
India and Pakistan are locked in a dispute over the Indus Water Treaty after New Delhi suspended the pact, raising concerns about regional stability.
cnbc.com
U.S., Iran agree on roadmap for final deal and plan to end military operations in Lebanon
The talks were the first round of negotiations under a memorandum of understanding signed last week, which extended a tenuous ceasefire by 60 days.
theguardian.com
Iran hails ‘progress’ as first day of talks with US conclude after shaky start
Mediators Pakistan and Qatar issue statement saying talks will run for rest of the week, as fighting in Lebanon continues to threaten dealIran’s foreign minister has declared “progress” after the first day of talks between high-ranking officials from Washington and Tehran ended in Switzerland, despite a tense opening marked by Donald Trump threats to restart attacks.A joint statement from mediators Qatar and Pakistan said the US and Iran agreed to a roadmap towards a final deal within 60 days. Technical talks between lower-ranked officials will continue for the rest of the week, according to the statement, with fighting between Israel and Iran-backed Hezbollah in Lebanon at the top of the agenda. Continue reading...
theguardian.com
US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected
Investment company Castlelake made bid public for shareholders to evaluate but carrier describes offer as ‘cheap’The US investment firm trying to buy easyJet has gone public with its latest £4.7bn takeover proposal for the budget airline, its third and latest offer to be rejected.Castlelake said on Monday that an all-cash offer of 625p a share, valuing easyJet at just over £4.7bn, had been rejected by the airline’s board on Sunday, following previous offers at 560p and 600p. Continue reading...
theguardian.com
Paris taxi scam cost £493 but Monzo won’t help me
We were charged the wrong amount, but because the bank says we have no evidence it won’t do a chargebackI went to Paris to recover from the grief of losing my dog.All was going well until I took a taxi from a rank outside Musée d’Orsay to my hotel near Notre Dame – a 12-minute journey. Continue reading...
theguardian.com
Brexit: how it has hit your wallet at the supermarket and on holiday
Ten years on, leaving the EU has made life more difficult and costly – here are some of the ways we’ve lost outIt is 10 years since voters in the UK chose to leave the EU, and our wallets have been feeling the effects ever since.From paying more to take the dog on holidays in France – and making calls while you are there – to higher grocery bills and the headache of filling in customs forms for parcels, Brexit has made many simple tasks more complicated and expensive. Continue reading...
cnbc.com
Three reasons why a food-supply shock may be coming to Southeast Asia: Goldman Sachs
Higher input costs and a potential El Niño weather event are combining to increase the risk of significant food price inflation across Southeast Asia, according to a report from Goldman Sachs
theguardian.com
Gen Z earning more than millennials did at the same age, says thinktank
At age 24, workers born in the late 1990s are paid more than any cohort since those born in the 1950sGen Z’s early careers are more financially rewarding than those of millennials, research suggests.Those typically born between 1997 and 2012 are experiencing a mini-rebound in pay packets, according to the research by the Resolution Foundation, in a seeming contrast to how the previous generation entered the job market. Continue reading...
cnbc.com
China imposes trade curbs on dozens of U.S. firms in retaliation for Pentagon blacklist
The Pentagon earlier this month updated its so-called 1260H list by adding a slew of Chinese technology companies to a roster of entities it believes have aided Beijing's military.
bbc.com
Toy Story 5 scores record opening weekend for franchise
The film's opening is a return to form for Disney and Pixar after facing notable challenges in recent years.
cnbc.com
CNBC Daily Open: Markets feeling that deja vu as Iran deal under strain, once again
Less than a week after the U.S. and Iran signed their "memorandum of understanding" aimed at ending the conflict, tensions have flared once again.
bbc.com
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.com
Fake romance to missed deliveries: How to protect yourself from three common scams
Romance and investment fraud is at record levels but what can you do to prevent being caught out.
bbc.com
'I couldn't sleep when I heard the last bank would close'
When 84-year-old Maggie Dodd discovered that the last remaining bank in Lochgilphead was closing, she began to panic.
theguardian.com
Lloyds Banking Group to hire 300 tech experts to work on AI
Exclusive: While recruits will increase headcount for now, broader adoption of AI could lead to job cuts in futureLloyds Banking Group has launched an AI recruitment drive for 300 tech experts, weeks before its chief executive, Charlie Nunn, announces a strategic plan for the 261-year-old lender.The bank said it intended the recruits to work on its use and development of agentic AI by September, referring to autonomous AI models that can plan and execute tasks with minimal human oversight. Continue reading...
theguardian.com
UK taxpayers want higher levies on big tech companies, survey shows
Two-thirds of respondents support increasing the 2% digital services tax for multinationalsTaxpayers want the UK to increase levies on giant global technology companies such as Facebook owner Meta, Google and Amazon, a survey of Britons’ attitudes on corporate taxes suggests.The polling released on Monday by the Fair Tax Foundation – abody providing businesses with certification around responsible tax conduct – found that 67% of respondents believe that the government should charge higher digital services taxes on multinational technology groups “to increase their overall tax contribution in the UK”. Continue reading...
bbc.com
Wowcher sorry for 'unacceptable' crocodile attack email
The firm's marketing email appeared to reference an incident involving a toddler at a zoo.
cnbc.com
Pixar's 'Toy Story 5' lassos biggest opening weekend in franchise history with $160 million haul
Disney and Pixar's "Toy Story 5" tallied $160 million domestically during its opening weekend, the highest debut in franchise history.
cnbc.com
She saved $24,000 to launch a craft festival in an old Joann store: 'This is my dream come true'
"This is my dream come true," says Tetef, a long-time events producer. "I just want to go to a thing where everyone's sitting down making stuff."
theguardian.com
The business secretary knows about jobs, and seems pretty sure Keir is out of one | John Crace
Doing the rounds of the Sunday studios, Peter Kyle sounded like someone who knew it would all be over come MondayUK politics – live updatesNot another one. Brenda from Bristol must be doing her nut. After sounding on Friday like the Japanese soldier who had no idea the second world war had ended decades earlier, sometime over the weekend reality had bitten for Keir Starmer. Maybe all he needed was a bit of time at Chequers to think straight. Maybe his family had also told him the game was over. But late on Saturday, reports emerged that he was planning to announce his resignation on Monday. Tellingly, there was not even one Starmer loyalist dampening down the speculation.By the end of the summer, the UK will be on to its seventh prime minister in 10 years. There was a time when we used to make fun of the Italians for replacing their leaders every couple of years or so. Now they look like the model of stability. It is us who is the basket case. They will soon have to make more space at the Cenotaph Remembrance Sunday parade for the line of former prime ministers. Those we have loved. Those we haven’t. Those we have lost. No way of knowing if, at the going down of the sun, we will remember them. Nor is there any sign of things letting up. Who knows how many more prime ministers we will get through in the next decade. Continue reading...
cnbc.com
'Regime change but in a velvet glove': How Kevin Warsh has set out to remake the Fed
The first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done at the Fed.
theguardian.com
‘Slug sleuth’ farmers in England help develop prediction tool to cut back on pesticide use
Maps created as part of Defra-funded Slimers project allowed test growers to halve amount of slug pellets usedFarmers believe they have a new weapon in their age-old battle against the slugs that destroy their crops: modern technology.Slug prediction maps, which have been created by computer models as part of a research project, are now helping growers to better target the use of pesticides, saving them money and reducing environmental harm. Continue reading...
bbc.com
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Fuel had already been rationed due to shortages caused by Kyiv's attacks against supply routes in Russian-occupied territories.
theguardian.com
Burnham must be upfront about tax or risk spooking the bond markets | Heather Stewart
Victory in Makerfield is propelling him towards No 10 but investors expect to know how he will fund his promisesBurnham allies confident of ‘coronation’Andy Burnham’s thumping victory in the Makerfield byelection came and went without the bond market rout that Rachel Reeves’s backers had warned about. But as he moves towards the premiership, Burnham would be wise to set clear expectations about tax and spend, and to be upfront about the fact that not everyone can be a winner.The yield, or interest rate, on UK government bonds did move up on Friday, but only modestly. That relative calm was partly because a Burnham win was already priced in, and because he took out the insurance policy of loudly promising to stick by Reeves’s budget rules. Continue reading...
theguardian.com
Condemned to plutocracy? The relentless rise of US inequality
Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution?As Barack Obama’s presidency was coming to a close, Jason Furman, then chairman of the president’s council of economic advisers, laid out the strides his administration had made to curb the nation’s exorbitant income inequality in “the largest investments in reducing inequality since the Great Society”.Indeed, by the end of 2016, taxes and transfers cut the share of income accruing to the richest 1% of households by just over a fifth, according to estimates from the congressional budget office (CBO), more than under any government since at least Jimmy Carter’s. They raised the slice of income going to the poorest fifth from 3.9% to 7.9%, the highest share since at least 1979.Eduardo Porter is a journalist focused on economics and politics. He writes the newsletter Being There on Substack Continue reading...
theguardian.com
‘Build Vice City’: the GTA 6 scam that’s hitting gamers worldwide
Bank details at risk as criminals use AI to create fake sites and emails offering pre-release beta test versionLike millions of gamers around the world, you have been waiting years for Grand Theft Auto VI to be released. Now you have the opportunity to play the much-anticipated game before everyone else.An email has arrived inviting you to play a pre-release “beta” version of the game so that you can alert the makers to any bugs before its official release later this year. Continue reading...
theguardian.com
Brands using AI-generated influencers to promote products on social media
Investigation finds AI content that purports to show genuine customers, prompting calls for greater transparencyBrands promoting their products online are quietly deploying AI-generated influencers on social media, an investigation has found, prompting calls for greater transparency.The findings suggest companies are increasingly turning to AI-generated content that purports to show genuine customer experiences while giving no obvious indication that the people featured are not real. Continue reading...
theguardian.com
Suppliers unable to chase fees after film producer’s 50 companies are struck off
Removal of Alan Latham’s firms means there is no longer an entity for creditors to make claims againstA prolific film producer, whose projects have starred Frasier’s Kelsey Grammer and Four Weddings and a Funeral’s Anna Chancellor, has had scores of his production businesses forcibly removed from the UK’s companies register, leaving workers unable to chase unpaid fees.Alan Latham, whose low-budget films have previously raised questions over his use of tax credits, has seen 50 of his film businesses compulsorily struck off by Companies House, according to data compiled by the film workers’ union, Bectu. Continue reading...
theguardian.com
‘There’s no jobs’: struggle and regret in a Welsh town that backed Brexit
Ten years ago Ebbw Vale had the highest proportion of leave voters in Wales despite huge EU funding, which has not been fully replacedWhere Ebbw Vale’s steelworks once stood is now a cluster of gleaming modern buildings including a hospital, a leisure centre and a college. Over the past decade, these public facilities have been joined by a public-private cybersecurity research centre and two tech firms. A new railway station opened at the site in 2015.Yet, during the Guardian’s visit to the Welsh valleys town last week, the area was quiet. Nearly as many sheep as people appeared to be using the new facilities: a ewe and three lambs, escaped from somewhere, busied themselves in a strip of rewilded land next to the tech buildings. Continue reading...
theguardian.com
How Europe’s EV makers shrank their product to challenge the bloated SUVs
Smaller, cheaper cars built for narrow city streets are becoming more stylish – but require careful design decisionsThe winding backstreets of London, Paris and Rome are a large part of their charm. But they are also a problem for electric carmakers. For a long time, squeezing big batteries into smaller, cheaper cars to fit European streets was too much of a problem, so manufacturers focused on bloated SUVs instead.But that is finally changing. Battery technology has improved and Europe’s carmakers havecut manufacturing costs enough that they can now sell cars that might have a chance of fitting down a medieval lane or two. Continue reading...
cnbc.com
'Fun dads' get 5 things right about parenting that many people forget—'they're worth borrowing' this Father's Day, says expert
Many parents spend their days managing schedules, chores and responsibilities. This Father's Day, a parenting expert shares five "fun dad" habits that can increase joy and strengthen parent-child relationships.
cnbc.com
The budget airline model in the U.S. is running out of runway
Spirit's bankruptcy as United and Delta fly high suggests there's more to success in airline industry than low fares, and failure isn't about jet fuel spikes.
cnbc.com
AI buildout gives tech investors new reasons to watch bond market
Tech giants are depleting cash reserves and raising debt in their ambitious data center buildouts, a dynamic that's forcing investors to watch interest rates.
theguardian.com
Burnham's Britain: six days in the place that just changed our politics – video
Andy Burnham is closing in on Downing Street after a big win in the Makerfield byelection. John Harris and John Domokos take a deep dive into a place where people's lives back up Burnham's insistence that we're living in an economy and society that need radical change – but they also find an infectious spirit of optimism Continue reading...
bbc.co.uk
Money Box
Civil service pensioners face further delays to payments.
theguardian.com
Emergency services attend to injured after two trains collide near Bedford – video
Emergency services rushed to the scene of a collision on Friday between two trains north of London. A train driver died and 89 people were injured after two East Midlands Railway services collided in the Bedford area. Members of the public were told to stay away from local hospital emergency departments on Friday night unless they were suffering from a genuine emergencyTrain driver dies and 89 people injured after two trains collide near Bedford Continue reading...
cnbc.com
Massive bonuses for South Korea's chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
theguardian.com
Bedtime blues: London ‘killing off nightlife’ as UK city with strictest licensing rules
Manchester, Birmingham and Leeds are experiencing after-hours boom as a result of more lenient rulesLondon has the earliest council-mandated bedtime of any other city in the UK as a result of policies in nightlife districts that oppose any new bar or restaurant opening past 11pm.These strict restrictions on pubs and bars are “killing off nightlife” in the capital, experts have said, while other cities including Manchester, Birmingham and Leeds are experiencing an after-hours boom because they have more lenient rules. Continue reading...
theguardian.com
Great British summer savings: grab family deals on days out, films and more
Government’s temporary VAT cut aims to ease cost of living for families this summer – here’s what’s on offerFrom Thursday families can enjoy a cut-price trip to Legoland or the cinema to watch Toy Story 5 as the government’s school holiday discount scheme Great British summer savings gets under way.Billed by Rachel Reeves as a way to “support families with the little treats in life”, the temporary VAT cut will reduce ticket prices at family attractions such as zoos and theme parks as well as the cost of children’s cinema tickets and restaurant meals. Continue reading...
cnbc.com
Oil tanker traffic in Strait of Hormuz jumps after U.S. and Iran implement deal to open sea lane
The U.S.-Iran deal has raised questions about how the Strait of Hormuz will be governed after the toll-free period ends.
cnbc.com
The riskiest SpaceX stock trade of all had a big first week
SpaceX's IPO did not just mint the biggest debut in market history and a trillionaire, but it also triggered a historic land grab in risky leveraged ETFs.
bbc.com
O'Leary extends Ryanair contract in deal that could net him over £130m
The Ryanair boss extends his contract to 2032, in a deal featuring a bonus scheme that could earn him more than €150m (£130m).
theguardian.com
Heathrow third runway GDP yield may be 90% less than previous estimates
Department for Transport analysis suggests tiny economic boost would be outweighed by up to £62.5bn in trade-offsThe economic boost from a Heathrow third runway could be a tiny fraction of previous estimates, government analysis shows, while the overall trade-off from the bigger airport could set the UK back by as much as £62.5bn.As ministers promised to speed up expansion of the London airport in the name of economic growth, documents prepared by the Department for Transport said the runway was expected to boost GDP by only up to 0.05% – 90% less than the 0.5% previously stated. Continue reading...
theguardian.com
The rise of the luxury barbecue: the UK’s new outdoor cooking obsession
Sales of high-end barbecues are booming as hotter and longer summers increase appetite for alfresco diningBurned sausages, limp salads and undercooked chicken legs you live to regret; the British barbecue has historically been a sorry affair. But a slew of fancy equipment the price of a secondhand car is revolutionising the grilling game.Over the past few years, the £1,000-plus barbecue has soared in popularity. The Big Green Egg, a pioneer of the premium outdoor cooking movement, has recorded 1m visits to its UK website so far this year. Its classic model retails at £1,495. Continue reading...
cnbc.com
U.S. opens tariff probe targeting Germany’s drug pricing policies
U.S. Trade Representative Jamieson Greer said Germany's proposal to reduce spending on medicines was "a serious step backwards."
bbc.com
Do you want to know the secret to haggling with call centres?
Martin Lewis explains how your TV, phone, breakdown cover, insurance and more could be cheaper!
bbc.com
Who had the best World Cup advert?
BBC Sport looks at the numbers behind both Nike and Adidas' World Cup adverts.
theguardian.com
What could US-Iran peace deal mean for UK household costs?
The impact on petrol and food prices, energy bills and mortgages if the truce holds and strait of Hormuz reopensAround the world, markets reacted with relief this week to news that Donald Trump had signed a draft peace deal with Iran that promised to reopen flows of oil and gas from the Gulf to global buyers.There are already signs the truce could unravel, with Friday’s peace talks in Switzerland abruptly called off, but for now markets seem persuaded that commercial vessel traffic through the key waterway can start returning to normal. Continue reading...
theguardian.com
The UK’s social media ban for under-16s has just empowered big tech | Taylor Lorenz
Age verification means that the sector’s biggest players will now have access to information that will only make them richer and more powerfulThis week, the UK announced a wide-ranging ban on social media that will soon block users from communicating or accessing information on apps such as X, Instagram, YouTube, Facebook, TikTok and Snapchat unless they prove that they’re over the age of 16.The prime minister, Keir Starmer, called the policy “a line in the sand”. “Tech giants had their chance and failed,” he said, “but we’re stepping in to protect children, back parents and set a new normal for future generations.” All internet users, especially children, should be protected from exploitative systems online, but this new law will only foster more harm and help the largest and most powerful tech companies consolidate power and influence over everyone’s lives.Taylor Lorenz is a technology journalist who writes the newsletter User Mag and is the author of the bestselling book Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet Continue reading...
theguardian.com
Is Trump's Iran deal a failure? - video explainer
Donald Trump has signed a 14-point agreement with Iran, claiming it delivered a 'major win' for the US – even as it made significant political and financial concessions to Tehran to reopen the strait of HormuzTrump’s Iran deal is result of unrealistic ambitions for an untenable warIran announces plans to bring in maritime fees for strait of HormuzIran peace deal makes clear how far US has been forced to retreat since 2025 Continue reading...
cnbc.com
Jio Platforms eyes low-orbit satellite rollout as Starlink awaits India launch
Jio Platforms, India's largest telecom operator and digital services company, wants to rollout statelite communication in the country where Starlink still awaits launch.
theguardian.com
‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings
Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accountsElon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn.Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments. Continue reading...
cnbc.com
Memory crisis hits such extremes that 'even Apple can't be safe'
Apple appears poised to take the rare step of increasing prices to deal with what CEO Tim Cook called an "unsustainable" memory shortage.
bbc.com
Plans to end gazumping with binding agreements in house sales shake-up
Sales agreements will be legally binding sooner and making sellers provide more home information up front are part of the planned changes.
bbc.co.uk
Americast
The US economy backs Elon Musk’s vision for AI and sending people into space
cnbc.com
India's largest telecom and digital service Jio Platforms files for IPO
India's largest wireless operator and digital service provider, Jio Platforms files for IPO
cnbc.com
Musk's SpaceX stake is worth over $1 trillion. Here are the other billionaire shareholders
SpaceX shares were up 37% after its historic debut last week, which offered shares at a set price of $135.
cnbc.com
Russia threatens escalation after Ukraine hits Moscow with largest-ever drone attack
Russia has pledged to carry out frequent and "massive group strikes" against Ukraine shortly after Kyiv launched a barrage of drones on Moscow.
theguardian.com
How the world’s voracious appetite for shrimp is destroying Ecuador’s mangroves
As demand soars, the country’s mangrove forests and the livelihoods of shellfish gatherers are under threat from encroaching farms and unchecked pollutionAt low tide, Johana Carolina Cruz Potes steps into the mudflats around Isla Costa Rica, in Ecuador’s Jambelí Archipelago. Holding a bucket and a short metal hook, she probes the tangled roots of a mangrove patch, searching for concha negra, black-shelled cockles, buried beneath the sludge.Cruz Potes has done this work since she was nine, when she first followed her father into the mud. But earning a living from shellfish gathering – often the only income for families here – has become harder as grounds shrink and catches decline. Continue reading...
theguardian.com
Shoppers splash out on fans and paddling pools as retail sales in Great Britain hot up
May heatwave drives up volume of sales 1.2%, the strongest monthly growth since January, says ONSRetail sales bounced back to growth in May as record hot weather spurred sales of fans and paddling pools, while online purchases also soared.The Office for National Statistics (ONS) said the volume of retail sales in Great Britain grew 1.2% in May compared with the previous month, the strongest monthly rate of growth since January. Continue reading...
bbc.com
Five ways the Iran peace deal could affect you and your money
With fuel and gas prices having fallen in recent days, we look at how the end of hostilities might affect you - in five charts.
bbc.com
What's happening to UK petrol and diesel prices now the US and Iran have a deal?
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
bbc.com
Warning over 'fragile' public finances as borrowing rises
The UK borrowed £23.3bn in May, according to official figures, up almost a third on the same month last year.
cnbc.com
Hormuz relief may not ease the economic toll that's already 'baked in,' analysts warn
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.
theguardian.com
Trump’s Iran deal could place his legacy in the hands of Tehran
He lambasted Jimmy Carter during the 1980 hostage crisis; now Trump’s presidency could be similarly blemishedIt began with the fate of hostages.Donald Trump’s first recorded foray into politics was sparked by the 1979 takeover of the US embassy in Tehran, which saw 52 American diplomats held incommunicado for 444 days. Continue reading...
theguardian.com
On the trail of the dotcom queen: how Julie Meyer left a pattern of unpaid bills, missing funds and broken dreams in her wake
Investigation: The entrepreneur was once the toast of London’s tech scene, a ‘global leader of tomorrow’ who starred on Dragons’ Den and promised untold riches for the startups she championed. But people she worked with in the last decade, from Malta to Switzerland, describe a very different realityJulie Meyer is sitting in a starkly lit attic, surrounded by piles of £50 notes. A California blond in a crisp, white shirt, her long, stockinged legs crossed at the knee, she listens intently to the young man standing before her. As he talks, she sizes him up. Eventually, she tells him: “I’m going to make you an offer.” It could be a scene from a heist movie, but Meyer is in a BBC studio, shooting a 2009 episode of the TV show Dragons’ Den. A celebrated entrepreneur with a venture capital fund, she is ready to invest in whichever contestants catch her eye. For the viewers, she has some advice: “What is success? A lot of it is self-belief. Continuing on when most rational people would stop.”This is an online spin-off from the original Dragons’ Den series, so the stakes are a little lower. But for Lex Deak, a 23-year-old with a big idea for a social media website, what happens in this room today could be make or break. He desperately wants to work with Meyer. Continue reading...
bbc.com
'I'd be put off if he asked to split it': Who should pay on a first date?
Some insist on splitting the bill, others say the asker should pay, while many still see a man paying as romantic.
theguardian.com
MPs urge Fujitsu to make ‘immediate’ payment to Post Office Horizon victims
Liam Byrne, who chairs Commons business committee, says too many operators are still waiting for redressThe Japanese tech company at the centre of the Post Office IT scandal is facing calls from a parliamentary committee to make an “immediate” payment towards the compensation bill for victims.Fujitsu supplied the faulty Horizon software to the UK Post Office, which led to branch operators being wrongly prosecuted over discrepancies in their business accounts. Continue reading...
theguardian.com
Homes for sale in former schools in England and Scotland – in pictures
From a one-room village school transformed into a five-bedroom rural pile to a flat in a grand Victorian building in London Continue reading...
cnbc.com
Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more
Japan was willing to step in to defend the yen around the 160 level before, and it's at that point again.
theguardian.com
Think like a billionaire part one – podcast
Glamorous, rich and well-connected, Julie Meyer was a darling of the dotcom boom. But people who worked with the entrepreneur complain about unpaid wages, debts to suppliers and missing money. Journalist Olivia Lee and the Guardian’s investigations team unravel the complicated storyJournalist Olivia Lee was in Fabric nightclub in London when she heard a story that intrigued her: a tech founder told her a tale of woe about a luxury networking event he had been to. He told Lee there were supposed to be yacht trips and gala dinners. But nothing had gone as planned. “He claimed that there were these really chaotic scenes of taxi drivers supposedly working for the organiser going on strike because they hadn’t been paid. People chucked out of hotel rooms because the organiser appeared to have not paid the hotel bill.”The woman he said was behind the event was Julie Meyer. An entrepreneur who had been the queen of the 00s dotcom scene in London and was later awarded an MBE. Lee, along with Juliette Garside from the Guardian’s investigations team, began looking into Meyer. Lee tells Helen Pidd what she learned about the tech entrepreneur and the accusations made against her. Continue reading...
bbc.com
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.com
Brexit cost 6% of UK economy, Bank of England company data suggests
Analysis showed how much the UK could have grown if it had not exited the EU.
bbc.co.uk
Business Daily
Which jobs could be most resistant to the rise of AI?
theguardian.com
Another FTSE 100 firm falls to private equity. Where are the new listings? | Nils Pratley
You can’t complain Intertek’s £10bn takeover happened – the problem is the lack of arrivals in the other direction It would be a stretch to describe the £10bn-ish takeover of Intertek as a landmark event for the London stock market or the FTSE 100 index.This is not an Arm Holdings moment – the purchase of that Cambridge chip designer by Japan’s SoftBank in 2016 provoked long (and continuing) agonising over the lack of whizzy tech stocks on the London market. Continue reading...
theguardian.com
‘Cynical to get power’: Michel Barnier on Boris Johnson, Brexit and the EU’s future
Former negotiator believes in an unstable world, it is ?perfectly possible? the UK can rejoin the EU with old opt-outsUK could keep special pre-Brexit terms if it rejoined EU, Michel Barnier saysA couple of years ago, Michel Barnier spent a weekend with Boris Johnson?s father, Stanley. It was not some ghoulish Brexit spin-off of The Traitors, but the result of the former EU negotiator?s wife, Isabelle, being a close friend of Johnson?s French cousin, Anne du Boucheron, the owner of Château de la Baronnière, a 19th-century estate in Mauges-sur-Loire, in western France.?We spent a weekend together in a French castle. Very friendly. Long promenades in the forest,? Barnier recalls of Johnson senior, with whom he discussed the former prime minister?s motivation to back Brexit. ?It was interesting. Boris was much more European at the beginning. Even if he was critical. I don?t see it as a motivation but it is, perhaps, a method or attitude: to be pragmatic in some way. Cynical. Cynical to get power.? Continue reading...
bbc.com
'Do not travel' advice for Dubai dropped
Thousands of Brits were left stranded in the Middle East when the US-Iran war broke out in early 2026.
bbc.com
CrossCountry ranked Britain's worst train operator
Transport Focus asks it to reduce delays and provide better information during disruption.
cnbc.com
OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.
bbc.com
Apple to raise prices as AI boom pushes up chip costs
The firm's outgoing boss Tim Cook did not say when prices would rise or which products would be affected.
bbc.com
Interest rates held as Bank warns of impact of high energy prices
The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.
bbc.com
Number of job vacancies hits five year-low
Latest figures suggest companies are becoming more cautious about taking on new staff.
bbc.com
Why has Texas set its sights on London?
Texas, which once had an embassy in London, strengthens its ties with the capital by opening a new trade office.
bbc.com
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.com
Warsh to review how Fed works after holding US interest rates at first meeting
The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
cnbc.com
Amazon AI exec predicts first 'commercially useful' quantum computers in 5-7 years
Quantum computing is becoming an increasingly competitive field, with tech giants including Microsoft, Google and IBM developing the technology.
bbc.com
Driving test wait time target will not be met until autumn next year
The Transport Secretary had been aiming to reduce the backlog to seven weeks by this autumn.
bbc.com
Inflation unexpectedly steady as food price rises slow
Higher petrol prices were offset by slower price rises for meat, dairy and vegetables, according to the ONS.
bbc.com
Japan raids ice cream giants over price-fixing allegations
The investigation on alleged cartel pricing of ice cream comes as Japan faces record summer temperatures.
bbc.com
'It's a unique scenario' - Inside Lidl's first ever pub
The supermarket chain Lidl owns and operates The Middle Ale, a 'world first' for the brand.
bbc.com
Cadbury chocolate-owner Mondelez defends staying in Russia
Mondelez boss Dirk Van de Put says it was the "right decision" to remain after the war with Ukraine.
bbc.com
Struggling Pizza Hut chain to be sold for $2.7bn
The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals.
bbc.com
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
cnbc.com
People in China are watching the World Cup differently this time
A 12-hour-plus time difference and various streaming options are influencing how people in China watch the World Cup.
bbc.com
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
theguardian.com
How Brexit has made Britain poorer – in charts
Forecasters were wrong about an immediate recession but right that we would be worse off outside the EUAs the 10th anniversary of the Brexit vote approaches, the verdict on Britain’s economic performance is clear: voting to leave has resulted in severe costs for households and businesses.The immediate recession predicted in the Treasury forecasts ordered by George Osborne – dubbed “project fear” by the Leave campaign – did not happen. The impact from the Covid pandemic, wars in Ukraine and Iran, and Donald Trump’s trade battles also cloud the picture. Continue reading...
bbc.com
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.com
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.com
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.com
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.com
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.com
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.com
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.com
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.com
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.com
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.com
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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